Montgomery County EDC sets aside $250K to help small biotechs build out lab space

Montgomery County has set aside $250,000 to help small biotechs secure and build out wet lab space, the county ’s economic development corporation announced Tuesday. Under the yearlong Bio Lab Pilot project, growth-stage biotechs that agree to be headquartered in Montgomery County for three years and to lease no more than 5,000 square feet of wet lab space, will be provided $10 per square foot for lab fit -out, up to $30,000 per company. The grants are “designed to help fill the funding gap”…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news